Market Overview

20 September 2019 12:06

Brian Cooper

Crude Oil has increased 11.97 USD/Barrel, or 25.72% since the beginning of 2019, according to the negotiation of a contract for difference (CFD) accompanying the reference market for this commodity. Historically, oil reached a record high of 147.27 in July 2008 and a record low of 9.75 in April 1986. Brent follows an uptrend, valuing approximately 8% this week, quoting 65 USD/Barrel. But the current context is highly worrying not only for the price stability of this raw material but also for world economic stability.
19 September 2019 11:08

Brian Cooper

The yen gather more strength as USD/JPY holds below 108.00 going into European trading. The Japanese stock market is rising on Thursday after the U.S. Federal Reserve announced its widely expected decision to cut interest rates for the second time this year. Among oil stocks, Japan Petroleum is gaining almost 2 percent and Inpex is adding 0.6 percent even as crude oil prices extended losses overnight. Investors now look ahead to the Bank of Japan's monetary policy decision due later today.
18 September 2019 11:34

Brian Cooper

EUR/USD is trading above 1.10 as markets gear up for the all-important decision by the Federal Reserve. The world's most popular currency pair is locked in a tight range but may explode when the central bank decides. The U.S. dollar steadied on Wednesday in Asia ahead of the U.S. Federal Reserve’s two-day policy meeting. The Fed is expected to cut the target range for the Fed funds rate by 25 basis points at this week’s meeting.
17 September 2019 12:11

Brian Cooper

Oil exporter currencies held firm while the dollar found broad support as recent attacks on Saudi oil facilities and the threat of military action in the region kept crude prices kept prices elevated. Attacks on crude facilities in Saudi Arabia on the weekend boosted oil prices by nearly 15% on Monday, with international benchmark Brent logging its biggest jump in over 30 years. On Tuesday, prices pulled back slightly but remained at lofty levels.
16 September 2019 11:47

Brian Cooper

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply. Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S. has pointed the finger directly at Iran. The Canadian dollar rose 0.
13 September 2019 11:00

Brian Cooper

The ECB announced a stimulus package, which included a 10 basis point rate cut to -0.5%, and open-ended QE of €20 billion per month starting November 1st. The central bank downgraded its inflation and growth forecast, also introduced a reserve system that would exempt part of bank holdings from negative rates. The EUR/USD plunged to yearly lows, bouncing to a fresh weekly high of 1.1086. The Sterling traded uneventfully against the greenback, finding mild support on market talks indicating that the EU was preparing to grant the UK another delay to Brexit.
12 September 2019 09:00

Brian Cooper

Risk trades are more upbeat on the day as Trump delays tariffs on China by two weeks and China is reportedly considering purchasing US agricultural products as a gesture of goodwill ahead of proposed trade talks in October. As such, the aussie and kiwi are holding firmer to start the session with the yen lagging on the day as equities and bond yields are higher so far today. US futures are up by 0.4% and markets are liking the positive headlines so far this week, so expect that to stay the course ahead of the ECB monetary policy decision later today.
9 September 2019 11:00

Brian Cooper

The People’s Bank of China (PBoC) set the reference rate for the yuan at 7.0851, compared to Friday’s fix of 7.0855. Chinese exports fell by 1% in August, defying expectations for a 2% increase. Shipments to the U.S. slowed down sharply as a result of the ongoing trade dispute between the two countries. The new data has led to speculation that Beijing will introduce stimulus measures beyond the cut to banks reserve requirement ratios (RRR) of 50 basis points or 100 basis points for some banks, introduced on Friday. The U.S.
5 September 2019 11:07

Brian Cooper

The U.K. Parliament passed a Brexit delay bill late Wednesday and Prime Minister Boris Johnson called on U.K. lawmakers to back his plan to hold a snap election on Oct. 15. The House of Commons passed a bill to delay the exit of the U.K. from the European Union 327 to 299. As rebel/opposition lawmakers continue to inflict defeat upon Boris Johnson, the bill to avoid a no-deal Brexit (delay until 31 January 2020) will now head over to the House of Lords for debate today and possibly over the next few days.
4 September 2019 11:00

Brian Cooper

Crude oil prices drop for second day on trade war. A monetary policy announcement from the Bank of Canada is in the spotlight. A change is not expected, with priced-in expectations implied in OIS rates suggesting markets put the probability of stasis at nearly 90 percent. Nevertheless, traders will keenly dissect the accompanying guidance as global headwinds gather and leading indicators suggest domestic growth is set to slow in the second half of 2019. The US-China dispute continued to fester as Washington and Beijing haggled over resuming negotiations.
  • 1
  • 2
Market Focus
  • BOJ keeps policy steady, signals chance of easing in October
  • UK retail sales fell slightly in August
  • Fed lowers interest rates by 25 basis points, as expected
  • SNB leaves policy rate unchanged at -0.75%

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

Open Forex Demo Account
I understand and accept the Privacy Policy and agree that my name and contact details can be used by TeleTrade to contact me about the information I have selected.
37 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Follow us

Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

© 2011-2018 TeleTrade-DJ International Consulting Ltd

TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

Please read our full Terms of Use.

To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more.

TeleTrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.